Tuesday, September 30, 2014

HONG KONG- Take me down to the Paradise City, where the grass is green and the people are pretty.


If history foreshadows the present:
http://www.scmp.com/news/hong-kong/article/1577147/organisers-look-claims-anti-occupy-central-protesters-were-paid

Were some Hong Kong marchers paid?


Boisterous demonstrations are a feature of life in Hong Kong, a semi-autonomous Chinese city that enjoys the freedom of speech and assembly.
Citizens tend to be extremely politically savvy, as well as practical.
That's why rallies tend to take place on Sundays and public holidays, when most people have time off.
The general public, from the very young to the elderly, also seem to be impervious to extreme heat and rain, turning up to march for miles despite inclement weather.
In recent years, the larger protests, the ones drawing thousands and even tens of thousands of participants, have tended to be organised by groups that, broadly speaking, fall under the pan-democratic political umbrella.
Anyone attending those rallies can usually expect to see:
1. Young participants: Recent rallies have been family affairs. But on the whole, the demographic skews toward people under 40.
2. Loss of mobile phone coverage: Mobile signals weaken considerably along the route. Everyone is too busy posting on social media sites.
3. Spotless routes: Public etiquette dictates no rubbish be left behind.
But Sunday's rally has upended the usual script for Hong Kong demonstrations.
Organised by the Alliance for Peace and Democracy, it was the biggest pro-China demonstration for many years.
The turnout was large, with estimates ranging from 40,000 to more than 250,000 people.
But the biggest difference from previous protests was a flurry of accusations from media outlets - including Ming Pao, RTHK, ATV, TVB, Now TV, Oriental Daily News and Apple Daily - that organisers had hired marchers.
They report some had been paid between HK$200 ($26, £15) to HK$800 for turning up.

"Whatever is occurring in Hong Kong, it bears no relation to what is being reported about it in the Western print and TV media. These reports spin the protests as a conflict between the demand for democracy and a tyrannical Chinese government
Ming Chun Tang in the alternative media CounterPunch SAYS THAT THE PROTESTS ARE AGAINST THE NEOLIBERAL ECONOMIC POLICIES THAT ARE DESTROYING THE PROSPECTS OF EVERYONE BUT THE ONE PERCENT. In other words, the protests are akin to the American occupy movement.ANOTHER EXPLANATION IS that once again, as in Kiev, GULLIBLE WESTERNIZED STUDENTS HAVE BEEN ORGANIZED BY THE CIA AND US-FINANCED NGOs to take to the streets in hopes that the protests will spread from Hong Kong to other Chinese cities. The Chinese, like the Russians, have been extremely careless in permitting Washington to operate within their countries and to develop fifth columns."

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during the Reagan Administration.
http://www.paulcraigroberts.org/2014/09/30/new-column-pcr-washington-lies/

Honestly, I think unless the protesters are bought off; the panic would be the closing of casinos in Macau, the mysterious disappearance of slot machines and the much badly resistance needed against bat-shit crazy mean oppressive Tiger Moms.  

per Zerohedge:
De-dollarization has been an ongoing theme hidden just below the surface of the mainstream media for more than a year as Russia and China slowly but surely attempt to "isolate" the US Dollar. Until very recently, direct trade agreements with China (in other words, bypassing the US Dollar exchange in bilateral trade) had been with smaller trade partners. On the heels of Western pressure, Russia and China were forced closer together and de-dollarization accelerated from Turkey to Argentina as an increasing number of countries around the world realize the importance of this chart. However, things are about to get even more dramatic. As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency in a "fresh step forward in China’s yuan internationalization." With civil unrest growing on every continent and wars (proxy or other) at tipping points, perhaps, just perhaps, the US really does want rid of the weight of the USD as a reserve currency after all (as championed here by Obama's former right hand economist)... now that would be an intriguing 'strategy'.

As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency...
The euro will become the sixth major currency to be exchangeable directly for yuan in Shanghai, joining the U.S., Australian and New Zealand dollars, the British pound and the Japanese yen. The yuan ranked seventh for global payments in August and more than one-third of the world’s financial institutions have used it for transfers to China and Hong Kong, the Society for Worldwide International Financial Telecommunications said last week.

“It’s a fresh step forward in China’s yuan internationalization,” said Liu Dongliang, an analyst with China Merchants Bank Co. in Shenzhen.

The move will lower transaction costs and so make yuan and euros more attractive to conduct bilateral trade and investment, the People’s Bank of China said today in a statement on its website. HSBC Holdings Plc said separately it has received regulatory approval to be one of the first market makers when trading begins in China’s domestic market.

...

China’s trade with European Union nations grew 12 percent from a year earlier to $404 billion in the first eight months of 2014, according to data from the Asian nation’s customs department. That compares with just $354 billion with the U.S. during the period.

French and German companies lead among countries outside of greater China in the use of the yuan, according to a July report by HSBC that was based on a survey of 1,304 businesses in 11 major economies that have ties with mainland China. Some 26 percent of French corporates and 23 percent of German companies were using the currency to settle trade, the highest proportions apart from mainland China, Hong Kong and Taiwan.

...

“Given the appointments of renminbi clearing banks in Frankfurt and Paris, today’s announcement is largely expected,” Australia & New Zealand Banking Group Ltd.’s economists led by Liu Li-gang wrote in a research note today. The agreement marks a “significant milestone” in yuan internationalization as the euro is the only G3 currency that has not had direct conversion with the yuan, Liu said.
The chart below suggests the increasing push for de-dollarization across the 'rest of the isolated world' may be a smart bet...

The internationalization of the Yuan (or implicit de-dollarization by the rest of the world) appears to go unnoticed by the administration (and mainstream media)... which makes one wonder - is this the strategy after all? As Obama's former chief economist noted:
what was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles.

To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status.
Given this analysis it strikes us that today we are in the midst of an extremely rare historical event – the relative decline of a world superpower. US global geopolitical dominance is on the wane – driven on the one hand by the historic rise of China from its disproportionate lows and on the other to a host of internal US issues, from a crisis of American confidence in the core of the US economic model to general war weariness.

This is not to say that America’s position in the global system is on the brink of collapse. Far from it. The US will remain the greater of just two great powers for the foreseeable future as its “geopolitical multiplier”, boosted by its deeply embedded soft power and continuing commitment to the “free world” order, allows it to outperform its relative economic power. As America’s current Defence Secretary, Chuck Hagel, said earlier this year, “We (the USA) do not engage in the world because we are a great nation. Rather, we are a great nation because we engage in the world.”

Nevertheless the US is losing its place as the sole dominant geopolitical superpower and history suggests that during such shifts geopolitical tensions structurally increase. If this analysis is correct then the rise in the past five years, and most notably in the past year, of global geopolitical tensions may well prove not temporary but structural to the current world system and the world may continue to experience more frequent, longer lasting and more far reaching geopolitical stresses than it has in at least two decades. If this is indeed the case then markets might have to price in a higher degree of geopolitical risk in the years ahead.
http://www.zerohedge.com/news/2014-09-29/europe-china-start-direct-trading-euros-yuan-de-dollarization-expands

Monday, September 29, 2014


 World debt: $100,000,000,000,000.
US Gov Unfunded Liabilities: $127,000,000,000,000 (Forbes, 1-17-2014)
World GDP: $ 75,000,000,000,000 (2013, approx.)
Diagnosis: Cloward-Piven 
Prognosis: Terminal.

see : Webster Tarpley

So how much is the entire world worth? 
How much is unfunded liabilities? I've read the US is between 100 to 150 TRILLION alone.
redirecting article:http://theeconomiccollapseblog.com/archives/5-u-s-banks-each-have-more-than-40-trillion-dollars-in-exposure-to-derivatives
5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives
 By Michael Snyder, on September 24th, 2014

When is the U.S. banking system going to crash?  I can sum it up in three words.  Watch the derivatives.  It used to be only four, but now there are five "too big to fail" banks in the United States that each have more than 40trillion dollars in exposure to derivatives.  Today, the U.S. national debt is sitting at a grand total of about 17.7 trillion dollars, so when we are talking about 40 trillion dollars we are talking about an amount of money that is almost unimaginable.  And unlike stocks and bonds, these derivatives do not represent "investments" in anything.  They can be incredibly complex, but essentially they are just paper wagers about what will happen in the future.  The truth is that derivatives trading is not too different from betting on baseball or football games.  Trading in derivatives is basically just a form of legalized gambling, and the "too big to fail" banks have transformed Wall Street into the largest casino in the history of the planet.  When this derivatives bubble bursts (and as surely as I am writing this it will), the pain that it will cause the global economy will be greater than words can describe.
If derivatives trading is so risky, then why do our big banks do it?
The answer to that question comes down to just one thing.
Greed.
The "too big to fail" banks run up enormous profits from their derivatives trading.  According to the New York Times, U.S. banks "have nearly $280 trillion of derivatives on their books" even though the financial crisis of 2008 demonstrated how dangerous they could be...
American banks have nearly $280 trillion of derivatives on their books, and they earn some of their biggest profits from trading in them. But the 2008 crisis revealed how flaws in the market had allowed for dangerous buildups of risk at large Wall Street firms and worsened the run on the banking system.
The big banks have sophisticated computer models which are supposed to keep the system stable and help them manage these risks.
But all computer models are based on assumptions.
And all of those assumptions were originally made by flesh and blood people.
When a "black swan event" comes along such as a war, a major pandemic, an apocalyptic natural disaster or a collapse of a very large financial institution, these models can often break down very rapidly.
For example, the following is a brief excerpt from a Forbes article that describes what happened to the derivatives market when Lehman Brothers collapsed back in 2008...
Fast forward to the financial meltdown of 2008 and what do we see? America again was celebrating. The economy was booming. Everyone seemed to be getting wealthier, even though the warning signs were everywhere: too much borrowing, foolish investments, greedy banks, regulators asleep at the wheel, politicians eager to promote home-ownership for those who couldn’t afford it, and distinguished analysts openly predicting this could only end badly. And then, when Lehman Bros fell, the financial system froze and world economy almost collapsed. Why?
The root cause wasn’t just the reckless lending and the excessive risk taking. The problem at the core was a lack of transparency. After Lehman’s collapse, no one could understand any particular bank’s risks from derivative trading and so no bank wanted to lend to or trade with any other bank. Because all the big banks’ had been involved to an unknown degree in risky derivative trading, no one could tell whether any particular financial institution might suddenly implode.http://www.forbes.com/fdc/welcome_mjx.shtml
After the last financial crisis, we were promised that this would be fixed.
But instead the problem has become much larger.
When the housing bubble burst back in 2007, the total notional value of derivatives contracts around the world had risen to about 500 trillion dollars.
According to the Bank for International Settlements, today the total notional value of derivatives contracts around the world has ballooned to a staggering 710 trillion dollars ($710,000,000,000,000).
http://www.bis.org/statistics/dt1920a.pdf
And of course the heart of this derivatives bubble can be found on Wall Street.
What I am about to share with you is very troubling information.
I have shared similar numbers in the past, but for this article I went and got the very latest numbers from the OCC's most recent quarterly report.  As I mentioned above, there are now five "too big to fail" banks that each have more than 40 trillion dollars in exposure to derivatives...
JPMorgan Chase
Total Assets: $2,476,986,000,000 (about 2.5 trillion dollars)
Total Exposure To Derivatives: $67,951,190,000,000 (more than 67 trillion dollars)
Citibank
Total Assets: $1,894,736,000,000 (almost 1.9 trillion dollars)
Total Exposure To Derivatives: $59,944,502,000,000 (nearly 60 trillion dollars)
Goldman Sachs
Total Assets: $915,705,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $54,564,516,000,000 (more than 54 trillion dollars)
Bank Of America
Total Assets: $2,152,533,000,000 (a bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $54,457,605,000,000 (more than 54 trillion dollars)
Morgan Stanley
Total Assets: $831,381,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $44,946,153,000,000 (more than 44 trillion dollars)
And it isn't just U.S. banks that are engaged in this type of behavior.
As Zero Hedge recently detailed, German banking giant Deutsche Bank has more exposure to derivatives than any of the American banks listed above...
Deutsche has a total derivative exposure that amounts to €55 trillion or just about $75 trillion. That’s a trillion with a T, and is about 100 times greater than the €522 billion in deposits the bank has. It is also 5x greater than the GDP of Europe and more or less the same as the GDP of… the world.
For those looking forward to the day when these mammoth banks will collapse, you need to keep in mind that when they do go down the entire system is going to utterly fall apart.
At this point our economic system is so completely dependent on these banks that there is no way that it can function without them.
It is like a patient with an extremely advanced case of cancer.
Doctors can try to kill the cancer, but it is almost inevitable that the patient will die in the process.
The same thing could be said about our relationship with the "too big to fail" banks.  If they fail, so do the rest of us.
We were told that something would be done about the "too big to fail" problem after the last crisis, but it never happened.
In fact, as I have written about previously, the "too big to fail" banks have collectively gotten 37 percent larger since the last recession.
At this point, the five largest banks in the country account for 42 percent of all loans in the United States, and the six largest banks control 67 percent of all banking assets.
If those banks were to disappear tomorrow, we would not have much of an economy left.
But as you have just read about in this article, they are being more reckless than ever before.
We are steamrolling toward the greatest financial disaster in world history, and nobody is doing much of anything to stop it.
Things could have turned out very differently, but now we will reap the consequences for the very foolish decisions that we have made.



Historical Debt Outstanding - Annual 2000 - 2012

Includes legal tender notes, gold and silver certificates, etc.
The first fiscal year for the U.S. Government started Jan. 1, 1789. Congress changed the beginning of the fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today.
To find more historical information, visit The Public Debt Historical Information archives.
DateDollar Amount
09/30/201216,066,241,407,385.89
09/30/201114,790,340,328,557.15
09/30/201013,561,623,030,891.79
09/30/200911,909,829,003,511.75
09/30/200810,024,724,896,912.49
09/30/20079,007,653,372,262.48
09/30/20068,506,973,899,215.23
09/30/20057,932,709,661,723.50
09/30/20047,379,052,696,330.32
09/30/20036,783,231,062,743.62
09/30/20026,228,235,965,597.16
09/30/20015,807,463,412,200.06
09/30/20005,674,178,209,886.86
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

lobal Debt Exceeds $100 Trillion as Governments Binge, BIS Says

The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.
The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion in the same period, according to data compiled by Bloomberg. The jump in debt as measured by the Basel, Switzerland-based BIS in its quarterly review is almost twice the U.S.’s gross domestic product.
Borrowing has soared as central banks suppress benchmark interest rates to spur growth after the U.S. subprime mortgage market collapsed and Lehman Brothers Holdings Inc.’s bankruptcy sent the world into its worst financial crisis since the Great Depression. Yields on all types of bonds, from governments to corporates and mortgages, average about 2 percent, down from more than 4.8 percent in 2007, according to the Bank of America Merrill Lynch Global Broad Market Index.
“Given the significant expansion in government spending in recent years, governments (including central, state and local governments) have been the largest debt issuers,” according to Branimir Gruic, an analyst, and Andreas Schrimpf, an economist at the BIS. The organization is owned by 60 central banks and hosts the Basel Committee on Banking Supervision, a group of regulators and central bankers that sets global capital standards.

Austerity Measures

Marketable U.S. government debt outstanding has surged to a record $12 trillion, up from $4.5 trillion at the end of 2007, according to U.S. Treasury data compiled by Bloomberg. Corporate bond sales globally jumped during the period, with issuance totaling more than $21 trillion, Bloomberg data show.
Concerned that high debt loads would cause international investors to avoid their markets, many nations resorted to austerity measures of reduced spending and increased taxes, reining in their economies in the process as they tried to restore the fiscal order they abandoned to fight the worldwide recession.
Adjusting budgets to ignore interest payments, the International Monetary Fund said late last year that the so-called primary deficit in the Group of Seven countries reached an average 5.1 percent in 2010 when also smoothed to ignore large economic swings. The measure will fall to 1.2 percent this year, the IMF predicted.
The unprecedented retrenchments between 2010 and 2013 amounted to 3.5 percent of U.S. gross domestic product and 3.3 percent of euro-area GDP, according to Julian Callow, chief international economist at Barclays Plc in London.
The riskiest to the most-creditworthy bonds have returned more than 31 percent since 2007, according to Bank of America Merrill Lynch index data. Treasury and agency debt handed investors gains of 27 percent in the period, while corporate bonds worldwide returned more than 40 percent, the indexes show.
To contact the reporter on this story: John Glover in London at johnglover@bloomberg.net
To contact the editors responsible for this story: Shelley Smith at ssmith118@bloomberg.netRobert Burgess

"FIGHTING FOR DEMOCRACY" = WESTERN FUNDED ASTROTURF


Coincidentally all parties who have violated US wishes to block Russian sales of natural gas are being hit with "revolutions" and market swings.   
It's just coupon day on Hong Kong properties before the linking of Shanghai and Hong Kong exchanges.  China had recently signed a Natural Gas deal with Russia.

Ukraine had some protests, apparently they were citizens from Moldavo who were paid 30 Euros per day as plants staging a "prodemocracy" protest in Ukraine.
"NOTE: I have received an email from Moldova, a country bordered by Romania and Ukraine with cities on the Moldova-Ukraine border, that Moldovans are paid 30 euros per day to pose as Ukrainian protesters. I would like to hear from readers who can confirm this report and/or provide a media source in support of this claim." http://www.informationclearinghouse.info/article37652.htm
So what could've stirred this?
U.S. using Ukraine to block natural gas shipments to um.... China?
China and Russia just signed a pact for natural gas.

Most recently, South Africa did too.  I expect a protest there soon.

But China's natural gas deal seemed to provoke some friction from natural gas companies in Texas.

The U.S. has been sanctioning Russia.  No he isn't a saint, but Putin was good to his own citizens and learned from his Cold War enemies.
Putin is doing the right thing economically on a global standpoint by increasing supply of natural gas during a stagflated market (especially the stagflation in the US, the world's consumer?)

Right before Japan attacked Pearl Harbor, it was the U.S. who blocked the shipment of oil to Japan which provoked the attack.

I would like to kindly thank the two countries who learned from then on how to deal with the U.S.---since they're the two countries that bought gobs of US Treasuries (instead of private sector business backed investments) which supported US Corruption since Nixon took the US off of the Gold Standard to "finance Vietnam".  
China sold off US debt for the second-straight month in July, according to data from the US Treasury Department.
The world's second-largest economy reduced its holdings by $3.5 billion in July, which was down 0.3 percent compared to June, according to the Treasury International Capital (TIC) report released Tuesday. The monthly report reflects securities purchased and sold on a two-month lag, and the Sept 16 release shows activity from July.
China remained the largest buyer of US debt, with total holdings reaching $1.26 trillion. In the first half of the year, the country dropped holdings for three straight months before picking up again in May and then dropping again in June.
Japan is the second-biggest purchaser of US debt, and its total for July was $1.22 trillion, $500 million lower than for June, the report showed.
"Individual country holdings showed that both China and Japan were marginally better sellers of Treasuries in July, shedding $3.5 billion and $0.5 billion, respectively," said Gennadiy Goldberg, US strategist at TD Securities USA, in a research note. "The closely-watched ‘notes and bonds' purchases nevertheless showed some interesting trends, with China selling $11.9 billion — the first sale following six straight months of strong buying where China purchased a combined $131 billion."http://usa.chinadaily.com.cn/us/2014-09/17/content_18610199.htm

other coverage per Google search:                                                                                                       China sells off US Treasuries Chinadaily USA - ‎Sep 17, 2014‎ China sold off US debt for the second-straight month in July, according to data from the US Treasury Department. The world's second-largest economy reduced its holdings by $3.5 billion in July, which was down 0.3 percent compared to June, according to the ...
China, Japan cut back on U.S. Treasury holdings
Richmond Times-Dispatch - ‎Sep 17, 2014‎
Foreign buyers of U.S. Treasury securities trimmed their holdings in July after hitting a record in June. The two biggest purchasers, China and Japan, both cut back. The Treasury Department said Tuesday in its monthly report that foreign holdings dipped 0.3 ...
Foreigners snub long-term US assets for 2nd month in July
Reuters - ‎Sep 16, 2014‎
As yields declined, foreigners sold $800 million in U.S. Treasuries in July, from outflows of $20.8 billion in June. It was the second consecutive month of U.S. Treasuries selling by foreign investors. Data also showed China's holdings of U.S. Treasuries fell to ...
Foreign investors sell long-term US assets in July
Reuters - ‎Sep 16, 2014‎
Including short-dated assets such as bills, overseas investors bought $57.7 billion in U.S. assets, recovering from outflows of $142 billion in June. Data also showed that China's holdings of U.S. Treasuries declined to $1.265 trillion in July.China is still ...
Foreign Holdings of Treasurys Drop for First Time in a Year
Moneynews - ‎Sep 16, 2014‎
That reduction occurred as speculation mounted that the Fed officials would soon begin to taper $45 billion a month of Treasurys purchases and $40 billion a month of mortgages. China, the largest foreign lender to the U.S., reduced its holdings $3.5 billion, ...
https://news.google.com/news?ncl=d9PkcNpYgPW1DAMckME2zNXvZb42M&q=us+treasury+china&lr=English&hl=en&sa=X&ei=ntwpVNvaHsTZoAT4sIGoDw&ved=0CDUQqgIwAg4 



Tuesday, September 23, 2014

Alibaba and the 40 Thieves- Nixon's Utopia that is the imbalance of trade between the US and China

Why can I not find any financial statements on Alibaba later than 2011?
If they're pushing the price up so high?
Also, heard that Alibaba is using the US Exchange instead of the Hong Kong exchange because of some rule about shareholder and board of director voting rights (he wants sole power?)- Google did that with it's C-shares with non-proxy rights for the shareholders, and they were required to fully disclose this?
I like Jack Ma's character but um.... there are so many questions.

1. Why are Chinese stocks listed on the U.S. Exchanges and no U.S. stocks I could find on the Chinese Exchanges?

2. Why did Bill Clinton bomb the Multilateral Investment Agreement Between the U.S. and China circa 1995 (refereed by India and Malaysia)?

3. When is China going to remove it's barrier to the U.S. financial sector?

4. Where are Alibaba's financial statements, audits and ratios?

Israel played the same game with the U.S. after all of the aid we gave them.

Start-up Nation: The Story of Israel's Economic Miracle is a 2009 book by Dan Senor and Saul Singer about the economy of Israel. It examines how Israel, a 60-year-old nation with a population of 7.1 million, was able to reach such economic growth that "at the start of 2009, some 63 Israeli companies were listed on theNASDAQ, more than those of any other foreign country."
In 2010, Start-up Nation was ranked fifth on the business bestseller list of The New York Times. It also reached The Wall Street Journal bestseller list.

How many U.S. stocks were listed on the Tel Aviv exchanges? 

Friday, September 5, 2014

economics and society- the U.S. Military and it's revolving doors with criminal bankers

You wouldn't want the military personnel to miss out on their chances of looting with the Clintonites, the neocons and the criminal bankers.  Now would you?

Not that the REVOLVING DOOR BETWEEN THE BANKS AND THE POLITICIANS WERE NOT A HUGE WARNING SIGN-

Larry Summers, Robert Rubin, Judge Levine and Wendy Gramm(?) used the CFTC to block good cases against the banks by their affluent investors who can afford good lawyers?
Here's a recap.
http://economicasylum.blogspot.com/2011/04/cftc-is-guilty-of-obstruction-of.html


Here is an excerpt from the U.S. Air Force Honor Code:

Honor Code: We will not lie, steal, or cheat, nor tolerate among us anyone who does.
Honor Oath: We will not lie, steal, or cheat, nor tolerate among us anyone who does.  Furthermore, I resolve to do my duty and to live honorably, (so help me God).
Spirit of the Code: Do the right thing and live honorably.
http://www.academyadmissions.com/the-experience/character/honor-code/

B* Puhleeese! 

"Greg Rattray, a former U.S. Air Force commander for information warfare, became JPMorgan’s head of information security that month after upheaval at the highest levels of the bank’s tech division. "http://www.bloomberg.com/news/2014-09-05/jpmorgan-had-exodus-of-tech-talent-before-hacker-breach.html

He's not alone.  Maurice Greenberg of AIG served in the ARMY.  At first, he did great by selling Chinese insurance in 1992, before Clinton bombed the Multilateral Investment Agreement circa 1995 between the U.S. and China, before NAFTA with China in 1999 and Deregulation in 1999-2000.

Warmongering 4 Star General enjoys frivelous trips to liberal Burningman.

Then there's...Vincent Viola!  No.  It's REALLY good to be Vinnie Viola.  
Brooklyn-born Vincent Viola, known to friends as Vinnie, has long been a major player on Wall Street. A graduate of West Point, Viola earned his chops on Wall Street in the 1980s as a trader on the New York Mercantile Exchange. In 1987 he started a commodities trading firm called Pioneer Futures.
By the mid-1990s, he was vice chairman of the Nymex. In the 2000s, he ascended to the role of chairman and helped bring the exchange through 9/11 and the collapse of Enron. Viola stepped down in 2004 and spent his time running Pioneer and several other electronic trading operations.
In late 2008, Viola founded the International Derivatives Clearing Group,a clearing platform for interest-rate swaps. Early the next year, he started Virtu Financial, a high-frequency trading operation, in New York.
Viola also has interests outside trading. In 2004, he joined New York property mogul Bruce Ratner, among others, in the purchase of the New Jersey Nets basketball franchise.htt
p://www.cnbc.com/id/39038892#.
Here are your ARMY values!
Selfless Service
Put the welfare of the nation, the Army and your subordinates before your own. Selfless service is larger than just one person. In serving your country, you are doing your duty loyally without thought of recognition or gain. The basic building block of selfless service is the commitment of each team member to go a little further, endure a little longer, and look a little closer to see how he or she can add to the effort.
HonorLive up to Army values. The nation’s highest military award is The Medal of Honor. This award goes to Soldiers who make honor a matter of daily living — Soldiers who develop the habit of being honorable, and solidify that habit with every value choice they make. Honor is a matter of carrying out, acting, and living the values of respect, duty, loyalty, selfless service, integrity and personal courage in everything you do.
IntegrityDo what’s right, legally and MORALLY. Integrity is a quality you develop by adhering to moral principles. It requires that you do and say nothing that deceives others. As your integrity grows, so does the trust others place in you. The more choices you make based on integrity, the more this highly prized value will affect your relationships with family and friends, and, finally, the fundamental acceptance of yourself.
Personal CourageFace fear, danger or adversity (physical or moral). Personal courage has long been associated with our Army. With physical courage, it is a matter of enduring physical duress and at times risking personal safety. Facing moral fear or adversity may be a long, slow process of continuing forward on the right path, especially if taking those actions is not popular with others. You can build your personal courage by daily standing up for and acting upon the things that you know are honorable.http://www.army.mil/values/
So what's so dishonest about these Algorithmic High Frequency Trading Platforms?


"High frequency trades form just one-third of total volumes in India". This is because such trades account for just a third of the total trading volumes on Indian bourses against the 60-70 per cent in most developed markets in the US and Europe http://articles.economictimes.indiatimes.com/2014-04-11/news/49058847_1_high-frequency-trading-hft-algorithmic-trading
oopsies!

PER THE CHICAGO FEDERAL RESERVE:A handful of high-frequency trading firms accounted for an estimated 70 percent of overall
trading volume on U.S. equities markets in 2009. One firm with such a computerized system
traded over 2 billion shares in a single day in October 2008, amounting to over 10 percent
of U.S. equities trading volume for the day. 
http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cflmarch2010_272.pdf
Did nobody notice the market volume tanked after 2003?
I think the press was fixated on Palin and Snooki or something of that nature.

So basically a really thinly traded market is easier for pump and dump traders to manipulate.   So when the volume of Google drop while the price went up?  In the next two illustrations, look at how the volume drops on stock price gains for both the Dow and Google.  It's not just them- if you're even looking at the U.S. exchange traded vehicles- most stocks have done this.   

So when the market makers push up the price of Google on very thinly traded shares like the rest of the DOW

and collection of 2000+ corporate stocks, the question of liquidity comes up.

Basically Liquidity is basically the ability to monetize their company to pay share holders back on the going stock price in the event they should run out of money!  Like Enron for example.  Or the banks selling UNCOLLATERALIZED "collateralized" debt/mortgage/etc. obligations

Notice the word COLLATERAL.  Liquidity requires COLLATERAL.  Would a bank sell you a mortgage on a house without the house used as collateral?   They need something to hold the borrower responsible for paying the lender back(in the case of the mortgage, the lender is the bank).

Now if the price of the stock goes WAY up, without organic live human demand- then the P/E ratio should go up.  NOPE!  FUNDAMENTAL P/E Ratios were high during the dot com bubble which made the P/E ratio a more reliable indicator of the risk taken.

This wasn't disclosed on the small print, not that the boomer and rep majority fiscal/voting influence cares about the small print anyways.  Which is why they all sold their souls to the Devil on counterfeit subprime backed teaser rate mortgage sponsored real estate ponzi scheme casino.


NOW!  The P/E Ratio on most stocks are Trailing P/E Ratio drops the number to make the stocks appear safer from risk.  


Now what does the Post Enron/SubprimeCollapse Regulators say about LIQUIDITY?
"Liquidity 
A number of exchange staff acknowledged that high speed trading firms provide liquidity to the markets. 
While deep and liquid markets are important to every exchange, options exchanges particularly value the role of dedicated market makers because maintaining liquidity in the options market, which has tens of thousands of permutations of various product classes with multiple strike prices and contract months, is more difficult than maintaining the liquidity in the underlying stock. 
One staff member from an options exchange drew a sharp distinction between high speed trading firms that are dedicated market makers, are regulated, and have obligations to quote two sides of the market 
over a specific number of days and in particular asset and/or product classes, and high speed trading firms 3 that are not designated market makers. For example, some high speed trading firms have become registered brokers, are regulated, but do not have obligations to maintain market liquidity.

Still other high speed trading firms are not registered brokers or designated market makers, and have no obligations to provide dedicated liquidity. This exchange staff member also said some high speed trading firms that do not have obligations to provide liquidity to the markets and have invested heavily in faster and better technology are taking profitable trading opportunities away from designated market makers. 
FMG staff noted that unlike equity and options markets, designated market makers are rare in U.S. futures markets. As such, trading firms generally have no obligations to quote two sides of the market over a specific number of days in particular asset and/or product classes. Moreover, trading firms that are not  registered futures commission merchants (FCMs) and are not clearing members are unregulated."

ZZZzzzzZZZzzZZZZz.z..z...zzz............

About this so-called "Pump and Dump" Scheme...   

"Manipulative Market Practices Inquiries regarding how exchanges monitor whether spoofing or layering and other types of order
manipulation are occurring revealed that exchanges rely on manual or automated tools or both to detect
such practices.8  Exchanges have the capability to monitor whether manipulative market practices are
occurring at their individual exchange. However, the fragmented structure of equities and options
markets, where products are fungible and firms are able to buy and sell the same instrument at multiple
trading venues, prevents these exchanges from detecting whether a trading firm is engaging in
manipulative practices across multiple exchanges. Equities and options exchanges provide the
Intermarket Surveillance Group (ISG)9 with information for cross market surveillance, but do so on a lagged basis three days after the trade (T+3).
In the futures markets, where some products are traded almost exclusively at a single trading venue,
exchange staff is able to view the majority of trades in these products. However, futures markets face the same challenges in detecting manipulative practices firms may be engaging in across exchanges. Futures exchanges can obtain information on cross market activity from the ISG for this purpose, subject to the limitations described above...http://www.chicagofed.org/digital_assets/publications/policy_discussion_papers/2011/PDP2011-2.pdf
Now some blood thirsty backstabbing sycophant is going to ask me why do I care so much?
About myself.  I'm a Hapa military brat who was held to high standards of ethics and behavior with a death grip.   I get it, life isn't fair.  BUT.  Life is supposed to be feasable if you do the right thing, think and work hard enough.

To uphold standards of behavior, I had some of the "typical" treatment which included beatings with metal or anything, I was locked in a closet naked for 2 hours as punishment for being 2 or 3 or even 4 years old.  One time during high school, my parents would ground me for weeks AFTER a beating where our RACIST white trash neighbors were laughing as we were beaten to a pulp by a self loathing Tiger mom while military dad got this twisted sick sense of a powertrip by berating us with explosive violent rages.  This is only after the masochistic retard gave us foreign names in a RACIST country when he was serving in a RACIST military.   Even now, as an adult.  After I had supported myself and put myself through school, after 15 years of supporting myself and being a decent person I get grief from a nasty racist society stemming from the military and groups of Asians that held me to high standards but wouldn't support me when I made the right choices or help in any way, shape or form.

I was the meal ticket to the Visa Sponsors.  Ask any estranged ex-husband of an Asian "Fresh off the Boat" woman.

Ask the retarded Asians who make a big fuss about how much they "suffered" then run out with money stolen from Gen X, Y and Millinials to gamble with as "status quo".  Ask them about their ethics- all but the actual scholars in the Korean community who already know that they're too good for that line of garbage.

Koreans shouldn't put the US on a pedestal by the way.  Unlike the U.S., Asia is not dangerous to it's poor population like it is here in the garbage cesspool once known as the United States of America.  Asia doesn't have that drug related violence, blockbusting realtors/mortgage brokers and general losers. 


 
I got out of this death grip by working my way through college and hard work.  Only for it to be RUINED by POINTLESS UNNECESSARY CORRUPTION SHOVED DOWN OUR THROATS AND FORCED ON US BY THIS STUPID BOOMER SPONSORED AND ELECTED GOVERNMENT. 

I did NOTHING to them.

There is absolutely NOTHING in this world beautiful enough to justify the horror that I was put through by force and excessive deceit.


EDITED o9/28/2014
The Air Force developed the internet.
The Air Force is PR GINORMOUS waste of money that manipulates public sentiment through the internet as Sock Puppet trolls.


According to an embedded MS Word document found in one of the HBGary emails, it involvescreating an army of sockpuppets, with sophisticated "persona management" software that allows a small team of only a few people to appear to be many, while keeping the personas from accidentally cross-contaminating each other. Then, to top it off, the team can actually automate some functions so one persona can appear to be an entire Brooks Brothers riot online.
And all of this is for the purposes of infiltration, data mining, and (here's the one that really worries me) ganging up on bloggers, commenters  and otherwise "real" people to smear enemies and distort the truth.
This is an excerpt from one of the Word Documents, which was sent as an attachment by Aaron Barr, CEO of HBGary's Federal subsidiary, to several of his colleagues to present to clients:
How many times have you seen a diary get posted that reports some revelatory yet unfavorable tidbit about someone only to see a swarm of commenters arrive who hijack the thread, distract with a bunch of irrelevant nonsense, start throwing unsubstantiated accusations and ad hominem attacks to where before you know it, everyone's pretty much forgotten what the diary said in the first place.
Some times diaries deserve to be swarmed. But what if a diary is swarmed and it's really just one asshole working for a law firm that represents the oil company your diary was attacking?
I don't know about you, but it matters to me what fellow progressives think. I consider all views. And if there appears to be a consensus that some reporter isn't credible, for example, or some candidate for congress in another state can't be trusted, I won't base my entire judgment on it, but it carries some weight.
That's me. I believe there are many people though who will base their judgment on rumors and mob attacks. And for those people, a fake mob can be really effective.
I have no idea what to do about this problem, except just make sure everyone knows its possible, and so watches out for it.
Persona management entails not just the deconfliction of persona artifacts such as names, email addresses, landing pages, and associated content.  It also requires providing the human actors technology that takes the decision process out of the loop when using a specific persona.  For this purpose we custom developed either virtual machines or thumb drives for each persona.  This allowed the human actor to open a virtual machine or thumb drive with an associated persona and have all the appropriate email accounts, associations, web pages, social media accounts, etc. pre-established and configured with visual cues to remind the actor which persona he/she is using so as not to accidentally cross-contaminate personas during use.
To build this capability we will create a set of personas on twitter,‭ ‬blogs,‭ ‬forums,‭ ‬buzz,‭ ‬and myspace under created names that fit the profile‭ (‬satellitejockey,‭ ‬hack3rman,‭ ‬etc‭)‬.‭  ‬These accounts are maintained and updated automatically through RSS feeds,‭ ‬retweets,‭ ‬and linking together social media commenting between platforms.‭  ‬With a pool of these accounts to choose from,‭ ‬once you have a real name persona you create a Facebook and LinkedIn account using the given name,‭ ‬lock those accounts down and link these accounts to a selected‭ ‬#‭ ‬of previously created social media accounts,‭ ‬automatically pre-aging the real accounts.Really? I thought. How do we know if those are real people? Twitter has to be the easiest thing to fake and to automate with retweets and 180 character max sentences. To the extent that the propaganda technique known as "Bandwagon" is an effective form of persuasion, which it definitely is, the ability for a few people to infiltrate a blog or social media site and appear to be many people, all taking one position in a debate, all agreeing, for example, that so and so is not credible, or a crook, is an incredibly powerful weapon.

http://www.dailykos.com/story/2011/02/16/945768/-UPDATED-The-HB-Gary-Email-That-Should-Concern-Us-All#

So we have the money to do this with?  During stagflation?  Yup, history will NOT be kind to the baby boomer voting majority.